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Property profile & analytics
OFF-MARKET
Estimated value
$8,195,000
Outlet malls
7309 Olympia Ave, Tulsa, OK 74132-1849
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US69-0642007
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
73,852 SF
Lot
7.25 ac (315,766 SF)
Zoning code
CO
APN
73709-82-11-62530
UPID
US69-0642007
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Belk Department Store Fashion Accessories Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.94M
Comparable Approach
Comparable
$7.82M
Blend (final)
Blend
$8.20M
Owner & transaction history
Burlington Coat Factory Warehouse C · 2 yrs held
Burlington Coat Factory Warehouse C
since 2024
5 recorded transactions
Zoning & alternative use
CO · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.7M
+57.9%
Auto repair, garage
$10.1M
+26.0%
Commercial (general)
$10.0M
+24.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tulsa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulsa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,850,000
6.5%
$10,935,000
7%
$10,155,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,030,000
Current use
MEDICAL BUILDING
$12,680,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,125,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,035,000
Change: +25% · Conversion: Easy
OFFICE BUILDING
$8,745,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$8.20M
Range $7.38M – $9.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$111 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$83,496
Tax year 2023
Assessed value
$605,000
Assessed 2023
Previous assessed
$605,000
+0.0% YoY
Effective rate
13.80%
On assessed value
Assessed land
$309,991
Assessed improvement
$295,009
Land market value
$2,818,100
Improvement market value
$2,681,900
Total market value
$5,500,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
73,852 SF
Lot
7.25 ac (315,766 SF)
Zoning code
CO
APN
73709-82-11-62530
UPID
US69-0642007
Jurisdiction
TULSA
Zoning & alternative use
CO · Tulsa, OK
Zoning CO · permitted uses
CO · Tulsa, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tulsa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$12.7M
AUTO REPAIR, GARAGE
Est. value
$10.1M
COMMERCIAL (GENERAL)
Est. value
$10.0M
OFFICE BUILDING
Est. value
$8.7M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
7.25 ac
Current owner
From public records · entity-resolved
Burlington Coat Factory Warehouse C
Individual
Mailing address
1830 N RTE 130, BURLINGTON, NJ 08016-3017
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
—
Burlington Coat Factory Warehouse C
Drp Tulsa Property Owner LLC
Lease
—
Sep 19, 2018
$70,000,000
Rd-tulsa Hills LP
Ia Tulsa 71st LLC
Grant Deed
—
Feb 22, 2010
—
Tulsa Hills LLC
—
Grant Deed
related
$72,759,514 · Wachovia Bank NA
—
—
Inland American Tulsa 71st LLC
—
Deed Of Trust
related
$29,727,000 · Wells Fargo Bank
—
—
Inland American Tulsa 71st LLC
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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